The Department for Levelling Up, Housing and Communities, HM Revenue & Customs, and HM Treasury are managing Investment Zones and Freeports as place-based industrial policy tools to attract investment and jobs to designated regions. Current focus includes extending tax sunset dates, improving governance accountability through Metro Mayors, and establishing transparent performance reporting and long-term political commitment.
This tax information and impact note extends the window to claim the tax reliefs available in Freeport and Investment Zone special tax sites from 5 to 10 years.
In response to: Investment Zones in Wales: Policy model and place selection methodology
Summary of policy model and approach to place selection for Investment Zones in Wales.
In response to: Northern Ireland Enhanced Investment Zone: Policy prospectus
The Northern Ireland Enhanced Investment Zone prospectus sets out details of the bespoke funding and programme-level policy offer in Northern Ireland.
In response to: Investment Zones update
The government has today (6 March) announced further details of six Investment Zones: Greater Manchester, Liverpool City Region, North East of England, South Yorkshire, West Midlands and Tees.
Terms of reference for the review of the government’s approach to attracting foreign direct investment into the UK.
In response to: Investment Zone special tax sites
In response to: Investment Zones
This measure allows special tax sites to be designated in Investment Zones.
The Investment Zones policy document sets out the scope of the refocussed policy, including places selected, funding envelope and policy offer.
In response to: The Growth Plan 2022: Factsheet on Investment Zones
This factsheet provides a summary of Investment Zones including which areas the government is in early discussions with and how they will work.